JUPITER SEA & AIR SERVICES PVT. LTD, EGMORE – CHENNAI, INDIA.
E-MAIL : Robert.sands@jupiterseaair.co.in Mobile : +91
98407 85202
Corporate News
Letter for Saturday July 30, 2022.
Today’s Forex Rates : Source –
The Economic Times
|
CURRENCY |
PRICE |
CHANGE |
%CHANGE |
OPEN |
PREV.CLOSE |
DAY's LOW-HIGH |
|
79.2625 |
-0.497505 |
-0.623753 |
79.53 |
79.76 |
79.165- 79.545 |
|
|
1.0203 |
0.0045 |
0.443004 |
1.0158 |
1.0158 |
1.0186- 1.0254 |
|
|
96.8906 |
0.151199 |
0.156296 |
96.8393 |
96.7394 |
96.6707- 96.9083 |
|
|
81.1572 |
0.179001 |
0.221048 |
81.1441 |
80.9782 |
80.9955- 81.1812 |
|
|
133.373 |
-1.126999 |
-0.837917 |
134.50 |
134.50 |
132.507- 134.677 |
|
|
1.2149 |
0.0019 |
0.156633 |
1.213 |
1.213 |
1.2138- 1.2246 |
|
|
105.871 |
-0.479996 |
-0.451332 |
106.226 |
106.351 |
105.839- 106.253 |
|
|
0.5975 |
0.0073 |
1.236872 |
0.5928 |
0.5902 |
0.5927- 0.5978 |
:: Sea Cargo News ::
Indian exporters face more blank sailings on Europe
services
ONE is also a consortium partner for the IOS, contributing one
vessel out of a total eight ships deployed on the weekly string. The changes
would see 10 blank calls out of India over the next four months, five each for
the ports of Nhava Sheva and Mundra.
In addition, the port of Hazira, IOS’s third Indian call, continues to remain off the rotation itinerary throughout this period. These changes will be in place for the remainder of the year, “to improve the service’s schedule reliability”, Hapag-Lloyd said in its latest customer advisory.
The rotation realignment
begins with the Tsingtao Express, voyage 2333W, and runs through the Sofia
Express, voyage 2342W and extends the German liner’s previous schedule recovery
programme that saw eight IOS sailings intermittently omit west Indian ports.
Sudden end of crew change at Kochi may affect trade: KSAA
President
The facility for crew change in the outer harbour of Kochi port,
which has carried out a large number of crew change operations since May 15,
2020, has been stopped through an order of the Director General of Shipping,
said the president of Kerala Steamer Agents' Association M. Krishnakumar.
He said that Kochi had handled a large number of crew change operations and these included handling of 1,081 ships, 18,159 seafarers, 9,620 crew sign-ins and 8,839 sign-offs. The total number of operations was 1,168.
Crew change operations in the
outer harbour of Vizhinjam has also been stopped, he added. The steamer agents’
association said that when COVID-19 hit the country, considering the
humanitarian situation, “our members risked their lives and came forward to
support the government initiative”.
The steamer agents, in close
coordination with Cochin port officials, Cochin Seaport Immigration, Cochin
Customs, Port health authorities, Kerala and Central government officials
worked hard to facilitate the trade at Kochi and Vizhinjam, he added.
Chabahar port allows Iran to emerge as hub for regional
trade amid global sanctions
The
commencement of operations at the Chabahar Port has emerged as a silver lining
for Iran as the port is located at an ideal strategic location connecting the
Indian subcontinent with both Afghanistan as well as Central Asian countries
such as Kyrgyzstan and Uzbekistan to emerge as a hub of regional trade through
promoting maritime trading operations.
Chabahar is located in
south-eastern Iran at the mouth of the Gulf of Oman and is blessed with an
ideal strategic location connecting the Indian subcontinent with both
Afghanistan as well as Central Asian countries such as Kyrgyzstan and
Uzbekistan.
The Chabahar Port offers
significant reductions in both cost and shipping times for goods and cargo for
trade between India and Afghanistan, as well as for trade between the Indian
subcontinent and Central Asia.
Iran has for long struggled, both economically and geopolitically, due to persistent sanctions imposed upon it, and the hostile attitude it has faced from the US and other Western countries but the development of the Chabahar Port has allowed Iran a lifeline to emerging as a hub of regional trade by promoting these maritime trading operations, political analyst Valerio Fabbri wrote in his blog for Russian International Affairs Council.
D P World, one of top foreign investors in ports, running
out of options as contract terms nears end
Dubai government-owned D P World Ltd is running out of options to stay in the
container terminal business on India’s western coast where it had build-up
sizeable presence and volumes over two decades, as the contract term nears end
in the next few years.
Having lost the race for the
Jawaharlal Nehru Port Container Terminal (JNPCT) deal where it emerged fourth
in the auction last month, D P World is left with a “chance” coming up at
Deendayal port located at Kandla in Gujarat to retain its strong foothold on
the western seaboard.
That “chance” is a tender
floated by Deendayal Port Authority to build a Rs4,243.64 crore, 2.19 million
twenty-foot equivalent units (TEUs) capacity terminal at its satellite port
located at Tuna-Tekra with private funds. Deendayal Port Authority, the entity
that runs India’s biggest State-owned port by volume, is anticipating a tough
fight over the container terminal tender because “certain things are
happening”, according to a port official.
By “certain things are
happening”, he was referring to D P World’s two terminal contracts in
Jawaharlal Nehru port – India’s second biggest container gateway - completing
their tenures sometime in 2028.
PSA Mumbai hits 4 million Teu milestone
PSA Mumbai achieved a
significant milestone of 4 million TEUs on 22nd July 2022 since the start of
the terminal’s operations in Feb 2018. The key milestone of 4 millionth TEU was
handled on vessel Maersk Genoa.
PSA Mumbai is further expanding
the terminal capacity from 2.4 Million TEUs to 4.8 Million TEUs by the 1st
quarter of 2025 to be well ahead of the demand. We would like to convey our
heartfelt gratitude to all the Shipping lines, Customers, Statutory bodies
& all the Stake holders for overwhelming support in achieving this major
milestone.
China's export container shipping index up in June
China's index of export
container transport went up in June, according to the Shanghai Shipping
Exchange. The average China Containerized Freight Index (CCFI) rose 3.5 percent
month on month to 3,228.37 in the period, said the exchange.
The sub-reading for the Persian
Gulf/Red Sea service led the growth with a month-on-month expansion of 16.9
percent, followed by those of the east coast America and west coast America
services, which climbed 8.4 percent and 6.5 percent, respectively.
The CCFI tracks spot and
contractual freight rates from Chinese container ports for 12 shipping routes
across the globe, based on data from 22 international carriers.
SAL Heavy Lift orders up to six multipurpose heavylift
ships in China
Germany’s SAL Heavy Lift has
placed an order at Wuhu Shipyard in China for four firm plus two options of
14,600 dwt heavylift multipurpose (MPP) vessels. The 149.9 m long ships are
each set to have two 800 tonne cranes fitted, with delivery due from the second
quarter of 2024 onwards, according to Clarksons Research.
Hamburg-based SAL Heavy Lift, a
member of the German shipping and logistics group Harren & Partner Group
and the Jumbo-SAL-Alliance, is one of the leading carriers specialised in
breakbulk and project cargo, operating a fleet of 30 heavylift vessels.
Financial details surrounding the latest order have not been disclosed.
Coimbatore: Union govt urged to restrict comber noil export
The Open-end Spinning Mills
Association (OSMA) has urged the Central Government to allow the export of
comber noil, a byproduct of the yarn spinning process that is used in a variety
of applications, only after domestic needs have been met.
As per Arul Mozhi, President of
the Coimbatore-based Open-end Spinning Mills Association, the Indian government
should ensure that the export of comber noil is permitted when it is available
in excess after meeting the commodity's domestic demand.
While the production of open-end
spinning mills has increased, the availability of comber noil, one of the
primary raw materials on which mills rely, is becoming scarce due to its export
to European markets. Coimbatore has 75 to 100 open-end spinning mills and more
than 500 across Tamil Nadu.
South India produces 25 lakh kg
of grey yarn per day, and the comber noil required for this is approximately 15
lakh kg per day. However, it is no longer available due to diversion to
exports. These open-end mills' grey yarn is used to make bed sheets, pillow
covers, lungies, floor spreads, and a variety of other low-cost items.
::// AIR
CARGO NEWS //::
New Air India chief faces old challenges
Wilson, former CEO of Singaporean low-cost
airline Scoot, took over at Air India on June 16. He’s focusing on fixing
systems and processes to ensure on-ground efficiencies besides keeping close
tabs on daily losses, which have fallen significantly.
Air India’s new CEO Campbell Wilson has embarked
on creating a new, efficient operational structure for the Tata-owned carrier,
with the government signing off on his security clearance, said people with
knowledge of the matter. Armed with a mandate to turn Air India around, he’s
currently busy with key management hiring decisions, officials said.
Wilson, former CEO of Singaporean low-cost
airline Scoot, took over at Air India on June 16. He’s focusing on fixing
systems and processes to ensure on-ground efficiencies besides keeping close
tabs on daily losses, which have fallen significantly, according to the people
cited above.
“He has been tasked to create a customer-centric
and service-oriented culture,” said one of them. “Currently, he will build a
management team to take the plan forward.”
Tata Sons chairman N Chandrasekaran, who has been leading the airline, will continue to be directly involved in the transformational process with Wilson at least for a year, officials said. Wilson had called on Tata Sons chairman emeritus Ratan Tata in Bombay House last month before taking charge.
Turbprop freigher fleet to grow as e-commerce takes off
FedEx ATR 72-600F
Aircraft manufacturer ATR’s latest market
outlook predicts that the turboprop freighter fleet will increase by 45% over
the next 20 years, with e-commerce fuelling demand.
The outlook was released at this week’s
Farnborough Airshow and predicts that the global fleet of turboprop freighters
will rise from 380 in 2021 to 550 in 2041 – an increase of 45%.
The forecast highlights that turboprops
currently make up 94% of the regional freighter fleet. “Freighters have come to
play an essential role in supporting regional communities, partly due to the
acceleration of the digital economy and e-commerce,” ATR said.
Southeast Asia, China and Latin America
have been identified as areas of increased regional demand, as customer
expectations for faster delivery expands beyond key primary gateways in each
region. The pandemic and need to maintain supply chains will also fuel
demand.
“The growth in freighters’ social value
during the pandemic can be seen in their ability to keep flying goods and
services to remote locations – distributing sanitary equipment and delivering
vaccines in a timely and reliable way,” ATR said.
“Freighters were also called on to ensure
production lines were able to keep operating around the world when supply
chains faltered. “As a response to these global changes logistics strategies
have shifted. Businesses are focusing on supply chain resilience, building
redundancy (i.e. blending sea/air/road transport
options) into their supply-chains and vertically integrating to keep control
and retain value.” The report states that 76% of the current turboprop
freighter fleet is placed in mature markets and therefore growth will be
highest in emerging economies; the Latam & Caribbean region represents 4%
of the overall market; Asia Pacific 7%; Africa & Middle East 13%; Europe
& CIS 37%; and North America 39%.
The report also finds that demand for
30-seater size turboprop freighters, which currently make up 38.7% of the
overall freighter market, will disappear as feedstock of aircraft of that size
dries up.
“As such, 70-seaters will become the
aircraft of choice for operators with ample feedstock for conversions as well
as newbuilt freighters and larger capacities to cater for increased volumes,”
ATR said.
Airbus and Boeing have also recently
released updates on their expectations for the overall freighter fleet. Boeing
has predicted an 80% increase over the next 20 years, while Airbus expects a 51.2% increase.
Source: IAI
IAI is looking to add two conversion lines
in North America to meet demand for its B777 freighter conversion and in
response to ongoing cargo demand.
Speaking to Air Cargo
News at the Farnborough Airshow, IAI Aviation Group vice
president and general manager of marketing Rafi Matalon said that slots at its
current B777-300 conversion sites in Tel Aviv and Abu Dhabi – to be joined by
Incheon in 2024 – were full until 2026.
The wait time was holding back the company
from gaining more orders, he said, and therefore the company hoped to add more
lines. “Right now we are in the process of looking in North America for one or
two conversion lines. There is a big demand despite the fact we don’t have the
STC,” Matalon said.
“It shows the confidence the customer has
with IAI as a world leader in conversions. They are ready to sign the
contracts.” He added: “During 2024 I am quite certain we will open in North
America.”
Matalon said the company would also reveal
a new conversion line for its B767 model in Europe in the coming months to meet
demand for that programme.
Providing an update on the prototype B777
conversion, Matalon said that in the coming months IAI would jig down the
aircraft as structural work is completed.
In the meantime, work is continuing on the
aircraft systems as new harnesses are fitted and changes are made to the air
conditioning system. “We hope to reach our goal of gaining an STC from the
Israeli Civil Aviation Authority by the end of the year,” he said.
US Federal Aviation Authority Approval
would follow soon after. Work on the second conversion is expected to start in
the coming two months, while the first conversion for Emirates SkyCargo should
get underway at the Etihad Aviation site in Abu Dhabi in April.
Source: IAI
Ongoing
conversion demand
Looking at the overall conversion market,
Matalon said he expected only a slight easing in the high demand experienced
over the last couple of years, despite the impact of the rising cost of living
and the gradual return of passenger operations.
He explained that e-commerce would fuel air
cargo demand, while the passenger-freighter operations of the last few years
would be replaced by pure freighter flights rather than disappear completely.
He expected the overall cargo market to
continue to be made up of 60% freighters and 40% bellyhold, compared with the
pre-Covid ratio of 40% freighters and 60% bellyhold.
“We will see conversion demand reduce a
little bit but it will still be more than before 2020 that’s for sure,” he
said.
At the air show, the company also announced
that it had received the European Aviation Safety Authority (EASA) STC for its Boeing B737-800SF passenger-to-freighter (P2F)
conversion programme. He said this opened up the possibility to attract more
European customers.
Its lessor customer World Star Aviation
also planned to lease some of the 10 B737-800 conversion orders it had placed
with IAI with European airlines.
Work on these conversions would be carried
out at sites in China in the coming two months. IAI hadn’t been able to get its
teams to the sites to oversee the work because of Covid restrictions.
UPS launches Bangkok to Shenzhen route
Photo:
UPS
UPS has launched a new route from Bangkok
Suvarnabhumi Airport in Thailand to its intra-Asia hub in Shenzhen, China to
boost international trade opportunities for businesses in Thailand.
This new route will be serviced by a Boeing
747-8. The aircraft will operate five days a week, from Monday to Thursday, and
on Saturdays.
The new route means UPS customers in
eastern and central Thailand can access faster delivery to more of the
country’s top trade partners across Asia Pacific, as well as extended pickup
cut-off times that provide greater flexibility for exports to customers in
major economies worldwide. Meanwhile, import customers will also benefit from
earlier delivery times that speed up production lines, inventory management and
order processing, said UPS.
“Thailand has played a key role in UPS’s
global growth strategy for well over 30 years and we know how important it is
for our customers to have easy access to fast, consistent and stable air cargo
capacity,” said UPS Thailand managing director Russell Reed.
“This flight connects UPS customers in
Thailand’s industrial heartland to more of the country’s top regional trading
partners faster than ever, offering more cross-border trade opportunities for
businesses using UPS’s network and our industry-leading delivery services to
other global destinations including Europe and the United States.”
UPS Asia Pacific president Michelle Ho
added: “This is the third year in a row that UPS has introduced flights
into our Asia Pacific network, after services to and from Hanoi and Ho Chi Minh
City in 2020, and to and from Osaka Kansai in 2021; this demonstrates our
commitment to boosting global trade opportunities for businesses across the
region.
“With more dedicated UPS flights into and
out of Thailand, our customers can count on the reliability of the UPS network
to help them capitalize on cross-border growth opportunities.”
Earlier this month, UPS opened a new airport gateway facility at Kempegowda International
Airport, Bengaluru and
added a new intercontinental flight from India using a Boeing 747-8F aircraft.
Boeing 737-800 BCF Photo: BBAM
Lessor BBAM has ordered nine more B737-800
converted freighters from Boeing as it looks to extend the life of its
aircraft. The latest order brings BBAM’s
total B737-800BCF orders to 40 aircraft.
The latest order will be the first
B737-800BCF conversions completed at a new line set to open next year at MRO
provider KF Aerospace’s facility in Kelowna.
“We continue to extend the life of the
B737-800s in our fleet and support strong demand from our customers by further
growing our 737-800BCF order book,” said John Lynch, senior vice president,
head of freighter programmes at BBAM.
“By taking conversion slots at KF Aerospace
in Canada, we are delighted to leverage Boeing’s global network of conversion
lines to offer our customers convenience and flexibility by being where they
need us to be.” The freighter carries a
payload of up to 23.9 tonnes and has a range of 3,750 km.
BBAM holds conversion slots at other Boeing
MRO providers, including Cooperativa Autogestionaria de Servicios
Aeroindustriales (COOPESA), an Alajuela, Costa Rica-based MRO provider, and
Boeing Shanghai Aviation Services (BSAS) in Shanghai, China.
Ethiopian Airlines signs
deal with De Havilland for Dash 8-400 freighter door conversion kits
Ethiopian Dash 8-400F. Photo: De Havilland Aircraft of Canada
Ethiopian Airlines Group has signed an
agreement with De Havilland Aircraft of Canada for the purchase of two Dash
8-400 Freighter – Large Cargo Door (F-LCD) conversion kits.
The proposal provides an option for an
additional two F-LCD conversion kits.
“Cargo has played a pivotal role in
Ethiopian Airlines’ operations over the past couple of years, and will remain a
key growth pillar of our business over the coming years,” said Mesfin Tasew,
chief executive, Ethiopian Airlines Group.
“The pandemic and subsequent recovery
efforts have given rise to significant opportunities in the cargo space and we
see great value in converting our older Dash 8-400 fleet to freighters to
capitalize on these growing opportunities.”
“Ethiopian’s proposal with De Havilland
Canada is a superb testament to the versatility of the Dash 8-400 aircraft to
satisfy a wide variety of operational requirements and we thank Ethiopian for
this confidence in the aircraft’s capability,” added Philippe Poutissou, vice
president, customer experience, De Havilland Canada.
“The Dash 8-400 aircraft’s industry-leading
operating costs and environmental footprint, as well as its outstanding
performance and large cabin volume have facilitated our introduction of a
series of freighter options — including Quick Change, Package Freighter and LCD
Freighters — to better serve the expanding cargo market.
“We are also excited to announce our
partnership with Ethiopian to offer Dash 8 freighter conversions through their
experienced MRO – already a De Haviland Canada Authorized Service Facility.
This conversion capability will support Ethiopian’s fleet needs and can be offered
to other Dash 8 aircraft operators in Africa and neighbouring regions as an
additional choice to the conversions De Havilland Canada can perform in Canada
or through our Mobile Repair Team.”
Astral Aviation will be the operator of the first two Embraer E190F P2F
conversions. Photo: Embraer
Aircraft leasing company Nordic Aviation
Capital (NAC) has agreed a memorandum of understanding to place the first two
Embraer E190F passenger-to-freighter (P2F) conversions with Kenya-based cargo
airline Astral Aviation.
In May 2022, NAC and Embraer reached
an agreement in principle to take up to 10 conversion slots for
E190F/E195F, with first deliveries
starting in 2024. The aircraft for conversion will come from NAC’s existing
E190/E195 fleet.
Sanjeev Gadhia, founder and chief executive
at Astral Aviation, said: “We are honoured to be the launch operator of the
Embraer 190F, which will be based in Astral’s Nairobi hub. It will operate on a
combination of scheduled and charter flights on our intra-African network.
The E-Jets are well known for their
efficiency, flexibility and sustainability. We are confident that the E-Jet
freighter platform will be a game-changing addition to our growing fleet. We
are grateful to NAC and Embraer for choosing Astral to be the launch operator
of the E-Jet Freighter.”
Norman Liu, president and chief executive
of NAC, said: “As a launch lessor for the E-Jet freighter conversion program,
we are pleased to have executed a MoU to place two E190F aircraft with Astral
Aviation, a leading cargo carrier servicing Africa. NAC aims to remain the
leader in regional aviation and expand into larger narrow body aircraft, while
building our full life cycle asset management capabilities.”
Johann Bordais, president and chief
executive, Embraer Services & Support, said: “The response to Embraer’s P2F
program, which was launched only in March of this year, has been incredible.
NAC has already placed their first two aircraft, and it’s great to welcome yet
another operator to our E-Jet family.”
Astral Aviation, which is expanding its 14-strong fleet with three Boeing B757-200Fs and two Airbus A320 P2Fs, is
also working on adding up to four B777 freighters and more Airbus aircraft.
I reckon you
have found this information useful. Have a nice day!
Courtesy :
CAN, CFG & ISN.
Hope
you enjoyed reading the news. Have a nice day.
Thank
you and kind regards
Robert
Sands, Joint Managing Director
Jupiter
Sea & Air Services Pvt Ltd
Tel :
+ 91 44 2819 0171 / 3734 / 4041
Fax :
+ 91 44 2819 0735
Mobile
: + 91 98407 85202
E-mail
: robert.sands@jupiterseaair.co.in
Website
: www.jupiterseaair.com
Branches
: Chennai, Bangalore, Mumbai, Coimbatore, Tirupur and Tuticorin.
Associate
Offices : New Delhi, Kolkatta, Cochin & Hyderabad.
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